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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in The Colony at 7041 Northpointe Dr, The Colony, TX, 75056 generates $4,918/mo in rent and, after a $2,251/mo payment, leaves $1,648/mo in cash flow. Total monthly income is $4,918/mo, and annual cash flow is $19,771/yr on $152,457 invested. Return on cash invested sits at 32.88% in year one, and rental yield is 12.83% on a $459,900 entry. Equity gained on principal adds $2,968/yr, while 5% annual appreciation builds toward $127,062 over five years. Five-year ROI reaches 173.6% and total cumulative return in cash sums $264,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,918/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 75056, The Colony, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32,083 (100%) |
| Owner Occupied HU | 16,441 (51.2%) |
| Renter Occupied HU | 13,404 (41.8%) |
| Vacant Housing Units | 2,238 ( 7.0%) |
| Median Home Value | $488,651 |
| Average Home Value | $527,353 |
Residential
31,154
Single Family
17,896
Multi-Family
13,258
Businesses
1,394
Date | Event | Price |
|---|---|---|
| 2024-07-01 | Price change | $459,900 |
| 2024-06-21 | Price change | $479,900 |
| 2024-06-07 | Listed for sale | $499,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-13 | $6018.05 | -7.37% | $366,895 | 10.00% |
| 2022-08-13 | $6496.58 | 3.00% | $333,541 | 10.00% |
| 2021-08-13 | $6307.08 | 6.57% | $303,219 | 7.78% |
Listed by: Marla Gober • Compass RE Texas, LLC
Mls Name: NTREIS
Mls ID: #20636930
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
